If you’ve been anxiously awaiting news regarding my bid for the Swinging Bridge Farm, then I am glad for the company. It has been a long week of negotiations and I had hoped to be able to post with cause for celebration, but as of this moment I cannot say if my offer will be accepted by the landowner.
The initial offer went out on Monday night for the old cape, the 103 acres it sits on, and the adjoining 49 acres that sit across the road. Leah Watkins, my realtor, suggested I write a Love Letter for the property to accompany my offer, and as you can imagine I poured myself into that piece of writing in hopes of swaying the landowner to work with me.
Admittedly I went in low, thinking of it as the start of a negotiation process. Paul and I discussed it extensively. We considered the fact that this is not prime farmland─or even prime land for development─given that it is so super rocky. The terrain there is also difficult, being largely uphill on the house side, and on the opposite side of the road the land drops down into a gorge where the little stream that runs through the land spreads out to create a marshy wetland. The house itself is in need of modern updates like windows and doors, a chimney liner, and the roof may or may not be leaking. We offered $132.5K on the first go-round.
It was 36+/- hours of suspense to learn the landowner’s response to our offer. She came back with $183.5K, offering to contribute $4,500 towards closing costs and a promise not to harvest any timber between now and closing. A recent appraisal estimated the value of the property at $179K.
Initially my goal had been to keep my mortgage between $100K and $150K. I’d prefer to keep my debt as low as possible so that I can afford to farm full-time. I’m also very conscious of the fact that if the landowner accepts my offer, I still have to convince the FSA that my business proposal is worth taking a risk on. The more money I ask for, the less likely I am to qualify for financing.
Conferring with Leah, we decided to drop the parcel across the road and made an offer of $142.4K for just the house and the 100-acres it sits on.
Another 36 or so hours passed before we received the landowner’s response. They decided they did not want to split the properties up at this time, and offered the entire 150-acres and the house at $173.5K, with $4500 towards closing costs, but asked for more details regarding when we would know whether or not we qualify for the FSA financing.
The USDA’s FSA process is definitely a little confusing. It’s a little backwards. They don’t have a pre-qualification for financing; the farmer has to already have a sale agreement in place before they apply. There is a whole list of documents the farmer must submit, including a business plan, tax documents, cash flow projections, and so much more. It can take 10-45 days to receive a letter of qualification, and there is a backlog within the USDA so the expected wait for closing on a loan with them is currently projected at 5 months.
Leah sent back a detailed explanation of the process involved with USDA financing and why it takes so long. Ultimately I decided that if the landowner will work with my timeline, then I would meet her price for the entire package.
Now I await final confirmation. The suspense is excruciating.
What if this falls through?
I know full well that it’s not the end of the road if this landowner decides that the FSA timeline is too long a wait to close on the sale of the property. If this falls through I will simply continue searching and try again at the next available opportunity. Afterall, the original plan had been to apply with the FSA next March in 2018. I wonder, though, how long it would take me to find another landowner in a position to even consider my timeline; most cannot afford to.
Even with the price being a little higher than I’d intended, $173.5K is still a good number for 150 acres, with livable housing for my kids─in the school district─and near to the community I’ve cultivated through the Madison Farmers’ Market. There are currently 3 other properties available within my target area, which would serve Runamuk well─with actual farm-land and more comfortable housing. However, those properties are priced between $279K and $394K with between 50 and 90 acres, and ultimately they are out of my reach.
It’s the fact that this property is not prime farmland and the run-down, somewhat neglected condition of the house that makes the Swinging Bridge Farm a possibility for me. And especially the landowner’s initial willingness to work with my timeline.
Is it really suitable for pollinators?
Interestingly enough, the Maine Farmland Trust does not consider it farmland at all. We’d been in contact with Nina Young there in hopes of acquiring an easement for the property, but there is very little open land or farmland soils to qualify it for protection. Staff at MFT met to evaluate the potential for an easement project at the Swinging Bridge Farm, determined this property ineligible, and then questioned the property’s suitability for Runamuk at all. In her email, Nina asked:
Is a property with so little open land a good place for pollinators? Can they survive/make honey on forested land alone? Has Sam actually determined how much open land would be ideal for her bees? Maybe this just isn’t the right property to make her plan work?
It’s true that I had hoped to find a property with 10 or 20 acres of established pasture where I could cultivate prime bee forage and then maintain it with bee-friendly mowing practices. I had also hoped to have a view of the mountains I love so much. I went into this knowing that there would be compromises along the way. I’ve accepted my position as a beginning farmer, and the ramifications that come with the financial situation that puts me in.
Thank goodness I was called to beekeeping. I have no shortage of offers for apiary sites from locals throughout the community, and indeed, the currant location of the Runamuk apiary at the Hyl-Tun Farm in Starks is a prime spot amid miles of carefully maintained hay pastures.
Bees will travel up to 3 miles from their hives in search of food, so when I am looking at a potential farm property for Runamuk I’m looking at the landscape within a 3 mile radius of the apiary site using Google Earth. New Portland has a deep-seated agricultural community, and there are many old orchards tucked away in the hills, as well as broad pastures that are still hayed every summer. What’s more, there are actually a lot of trees that provide prime forage for pollinators. I’m confident this site will prove to be a good place for my bees, and for the native pollinators that I hope to encourage as well.
If everything goes through and we find ourselves stewards at the Swinging Bridge Farm, Paul and I would work together over the next few years to open up about 10 acres for gardens and pastures. The bulk of the forest would be maintained as mature growth to preserve the wildlife that lives there.
My best shot
Given that I have been searching for a property in my area and price range for years, and that this landowner is willing to work with me and my FSA-timeline I intend to give it my best shot. I see a big opportunity for Runamuk there.
Please consider donating to the Runamuk FarmRaiser gofundme campaign to help raise funds for the Runamuk Pollinator Conservation Farm! Even $5 goes a long way in bringing us closer to our goal! Check back soon for more updates on our progress!